The Executive Director of the Hong Kong International New Economy Research Institute, Fu Rao, pointed out that Bitcoin, as an important component of the digital economy, has gradually transformed from a speculative asset to a mainstream investment tool. Although the long-term trend is positive, short-term market sentiment and speculative capital flows may lead to price corrections, and investors need to be wary of the market risks brought by excessive optimism. The pro-cryptocurrency policies of the Trump administration will continue to provide strong support for Bitcoin. However, it is important to be cautious, as there may be uncertainties in the specific implementation of the policies. For example, if the new leadership at the SEC takes a conservative stance on Bitcoin, it may lead to a decline in market confidence.